TRUSTEE RESPONSE TO JROC CALL FOR VIEWS ON THE FUTURE ENTITY FOR OPEN BANKING The Joint Regulatory Oversight Committee (JROC) has published its report on the design of the Future Entity. Marion King, OBL Trustee, welcomes the clarity the report provides on the long-term regulatory framework, the certainty it gives the market, and the opportunities it presents for the UK’s world-leading ecosystem. Read the response event summary: OBL’s regional visit to the North East, IN PARTNERSHIP WITH SAGE We round up key themes from our recent North East roundtable, including the importance of digitising businesses, proportionate regulation, a culture of trust, and common data standards. Read our round-up LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study MARCH HIGHLIGHTS “Our latest Impact Report demonstrates continued growth in the adoption of both open banking data and payments, delivering benefits to consumers and small businesses. As we move towards open finance and smart data, it demonstrates the UK’s leading position when compared with key European markets.” Henk Van Hulle, OBL CEO Regulated providers SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. It also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study OPEN BANKING IMPACT REPORT MARCH 2024 Our new Impact Report demonstrates strong growth in the adoption of open banking across both data and payments, and by consumers and small businesses. We analyse some of the underlying reasons for this continued growth, and compare adoption in the UK with leading European markets. Read the report OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more Select to scroll to the previous slide Select to scroll to the next slide ECOSYSTEMFind all the information and support your organisation needs to create personalised open banking-enabled services. Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more February API performance99.70%Average API Availability374msAverage API Response Time99.55%Successful API Calls (%)99.87%Average API availability – weighted1378.3mSuccessful API Calls Actual0.45%Failed API CallsSee all latest figures BENEFITS Explore the many practical ways that open banking can help you take control of your finances. Consumers Open banking is a secure way to help you understand your day-to-day finances, find cost-effective lending, and help tackle debt. Find out more BusinessesOpen banking data and payments solutions can help businesses manage their finances, control cash flow and improve financial forecasting.Find out more LATEST NEWS AND INSIGHTS Thought Leadership Unlocking growth: the UK’s journey from open banking to a smart data economy 26 April 2024 Read more Consultation Have your say on draft Open Banking Standard v4.0 – consultation now open 25 April 2024 Read more Thought Leadership Event round-up: OBL’s regional visit to the North East, in partnership with Sage 19 April 2024 Read more Research Latest Impact Report shows strong growth and the power of payments 25 March 2024 Read more Thought Leadership ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more
TRUSTEE RESPONSE TO JROC CALL FOR VIEWS ON THE FUTURE ENTITY FOR OPEN BANKING The Joint Regulatory Oversight Committee (JROC) has published its report on the design of the Future Entity. Marion King, OBL Trustee, welcomes the clarity the report provides on the long-term regulatory framework, the certainty it gives the market, and the opportunities it presents for the UK’s world-leading ecosystem. Read the response event summary: OBL’s regional visit to the North East, IN PARTNERSHIP WITH SAGE We round up key themes from our recent North East roundtable, including the importance of digitising businesses, proportionate regulation, a culture of trust, and common data standards. Read our round-up LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study MARCH HIGHLIGHTS “Our latest Impact Report demonstrates continued growth in the adoption of both open banking data and payments, delivering benefits to consumers and small businesses. As we move towards open finance and smart data, it demonstrates the UK’s leading position when compared with key European markets.” Henk Van Hulle, OBL CEO Regulated providers SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. It also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study OPEN BANKING IMPACT REPORT MARCH 2024 Our new Impact Report demonstrates strong growth in the adoption of open banking across both data and payments, and by consumers and small businesses. We analyse some of the underlying reasons for this continued growth, and compare adoption in the UK with leading European markets. Read the report OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more Select to scroll to the previous slide Select to scroll to the next slide
TRUSTEE RESPONSE TO JROC CALL FOR VIEWS ON THE FUTURE ENTITY FOR OPEN BANKING The Joint Regulatory Oversight Committee (JROC) has published its report on the design of the Future Entity. Marion King, OBL Trustee, welcomes the clarity the report provides on the long-term regulatory framework, the certainty it gives the market, and the opportunities it presents for the UK’s world-leading ecosystem. Read the response
event summary: OBL’s regional visit to the North East, IN PARTNERSHIP WITH SAGE We round up key themes from our recent North East roundtable, including the importance of digitising businesses, proportionate regulation, a culture of trust, and common data standards. Read our round-up
LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study
MARCH HIGHLIGHTS “Our latest Impact Report demonstrates continued growth in the adoption of both open banking data and payments, delivering benefits to consumers and small businesses. As we move towards open finance and smart data, it demonstrates the UK’s leading position when compared with key European markets.” Henk Van Hulle, OBL CEO Regulated providers
SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. It also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study
OPEN BANKING IMPACT REPORT MARCH 2024 Our new Impact Report demonstrates strong growth in the adoption of open banking across both data and payments, and by consumers and small businesses. We analyse some of the underlying reasons for this continued growth, and compare adoption in the UK with leading European markets. Read the report
OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more
ECOSYSTEMFind all the information and support your organisation needs to create personalised open banking-enabled services. Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more
Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more
Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more
Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more
RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more
February API performance99.70%Average API Availability374msAverage API Response Time99.55%Successful API Calls (%)99.87%Average API availability – weighted1378.3mSuccessful API Calls Actual0.45%Failed API CallsSee all latest figures
BENEFITS Explore the many practical ways that open banking can help you take control of your finances.
Consumers Open banking is a secure way to help you understand your day-to-day finances, find cost-effective lending, and help tackle debt. Find out more
BusinessesOpen banking data and payments solutions can help businesses manage their finances, control cash flow and improve financial forecasting.Find out more
LATEST NEWS AND INSIGHTS Thought Leadership Unlocking growth: the UK’s journey from open banking to a smart data economy 26 April 2024 Read more Consultation Have your say on draft Open Banking Standard v4.0 – consultation now open 25 April 2024 Read more Thought Leadership Event round-up: OBL’s regional visit to the North East, in partnership with Sage 19 April 2024 Read more Research Latest Impact Report shows strong growth and the power of payments 25 March 2024 Read more Thought Leadership ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more
Thought Leadership Unlocking growth: the UK’s journey from open banking to a smart data economy 26 April 2024 Read more
Consultation Have your say on draft Open Banking Standard v4.0 – consultation now open 25 April 2024 Read more
Thought Leadership Event round-up: OBL’s regional visit to the North East, in partnership with Sage 19 April 2024 Read more
Thought Leadership ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more